Malaysian fund joins race for Quinlan’s stake

From Independent.ie: Rich Malaysia’s sovereign wealth fund 1Malaysia Development Berhad (1MDB) is thought to be interested in buying bank loans associated with Derek Quinlan’s stake in the €1.2bn-valued Maybourne hotel group in London, which owns the landmark Claridge’s, Connaught and Berkeley hotels.
The investment fund, owned by the Malaysian government, is believed to have approached Nama over buying the loans. Subject to certain conditions, 1MDB could then take a stake in the hotel group if any of the loans turned bad under a debt-for-equity deal……………………………………….Full Article: Source